HBI » Topics » Our Industry

These excerpts taken from the HBI 10-K filed Feb 19, 2008.
Our Industry
 
The overall U.S. apparel market and the core categories critical to our future success will continue to be influenced by a number of broad-based trends:
 
  •  the U.S. population is predicted to increase at a rate of less than 1% annually, with the rate of increase declining through 2050, with a continued aging of the population and a shift in the ethnic mix;
 
  •  changing attitudes about fashion, the need for versatility, and continuing preferences for more casual apparel are expected to support the strength of basic or classic styles of “relaxed apparel;”
 
  •  the impact of a continued deflationary environment in our business and the apparel essentials industry;
 
  •  continued increases in body size across all age groups and genders, and especially among children, will drive demand for plus-sized apparel; and
 
  •  intense competition in the retail industry, the shifting of formats among major retailers, convenience and value will continue to be key drivers.
 
In addition, we anticipate growth in the apparel essentials industry will be driven in part by product improvements and innovations. Improvements in product features, such as stretch in t-shirts or tagless garment labels, or in increased variety through new sizes or styles, are expected to enhance consumer appeal and category demand. Often the innovations and improvements in our industry are not trend-driven, but are designed to react to identifiable consumer needs and demands. As a consequence, the apparel essentials market is characterized by lower fashion risks compared to other apparel categories.
 
Our
Industry



 



The overall U.S. apparel market and the core categories
critical to our future success will continue to be influenced by
a number of broad-based trends:


 
























































  • 

the U.S. population is predicted to increase at a rate of
less than 1% annually, with the rate of increase declining
through 2050, with a continued aging of the population and a
shift in the ethnic mix;
 
  • 

changing attitudes about fashion, the need for versatility, and
continuing preferences for more casual apparel are expected to
support the strength of basic or classic styles of “relaxed
apparel;”
 
  • 

the impact of a continued deflationary environment in our
business and the apparel essentials industry;
 
  • 

continued increases in body size across all age groups and
genders, and especially among children, will drive demand for
plus-sized apparel; and
 
  • 

intense competition in the retail industry, the shifting of
formats among major retailers, convenience and value will
continue to be key drivers.


 



In addition, we anticipate growth in the apparel essentials
industry will be driven in part by product improvements and
innovations. Improvements in product features, such as stretch
in t-shirts or tagless garment labels, or in increased variety
through new sizes or styles, are expected to enhance consumer
appeal and category demand. Often the innovations and
improvements in our industry are not trend-driven, but are
designed to react to identifiable consumer needs and demands. As
a consequence, the apparel essentials market is characterized by
lower fashion risks compared to other apparel categories.


 




This excerpt taken from the HBI 10-K filed Sep 28, 2006.
Our Industry
 
According to industry estimates from NPD, apparel sales in the United States totaled approximately $181 billion in calendar year 2005, growing at a compound annual rate of 3.5% from calendar year 2003 to calendar year 2005, driven largely by strength in adult apparel sales. The apparel essentials segment of the apparel industry is characterized by frequently replenished items, such as t-shirts, bras, panties, men’s


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underwear, kids’ underwear, socks and hosiery, which represented approximately 24%, or $44 billion, of total calendar year 2005 apparel sales. Apparel essentials sales have been growing faster than the total apparel market, with apparel essentials growing at a compound annual rate of 4.5% over the past two calendar years. The overall U.S. apparel market and the core categories critical to our future success will continue to be influenced by a number of broad-based trends:
 
  •   the U.S. population is predicted to increase at a rate of less than 1% annually, with the rate of increase declining through 2050, with a continued aging of the population and a shift in the ethnic mix;
 
  •   changing attitudes about fashion, the need for versatility, and continuing preferences for more casual apparel are expected to support the strength of basic or classic styles of “relaxed apparel”;
 
  •   the impact of a continued deflationary environment in our business and the apparel essentials industry;
 
  •   continued increases in body size across all age groups and genders, and especially among children, will drive demand for plus-sized apparel; and
 
  •   intense competition and continued consolidation in the retail industry, the shifting of formats among major retailers, convenience and value will continue to be key drivers.
 
In addition, we anticipate growth in the apparel essentials industry will be driven in part by product improvements and innovations. Improvements in product features, such as stretch in t-shirts or tagless garment labels, or in increased variety through new sizes or styles, such as half sizes and boy leg briefs, are expected to enhance consumer appeal and category demand. Often the innovations and improvements in our industry are not trend-driven, but are designed to react to identifiable consumer needs and demands. As a consequence, the apparel essentials market is characterized by lower fashion risks compared to other apparel categories.
 
This excerpt taken from the HBI 8-K filed Sep 5, 2006.

Our Industry

According to industry estimates from NPD Group, apparel sales in the United States totaled approximately $181 billion in 2005, growing at a compound annual rate of 3.5% from 2003 to 2005, driven largely by strength in adult apparel sales. Leading the growth in the apparel industry is the apparel essentials segment, the foundation of our current business. The apparel essentials segment of the apparel industry is characterized by frequently replenished items, such as t-shirts, bras, panties, men’s underwear, kids’ underwear, socks and hosiery, which represented approximately 24%, or $44 billion, of total 2005 apparel sales. Apparel essentials sales have been growing faster than the total apparel market, with apparel essentials growing at a compound annual rate of 4.5% over the past two years.

The overall U.S. apparel market and the core categories critical to our future success will continue to be influenced by a number of broad-based trends:

 

    the U.S. population is predicted to increase at a rate of less than 1% annually, with the rate of increase declining through 2050, with a continued aging of the population and a shift in the ethnic mix;

 

    changing attitudes about fashion, the need for versatility, and continuing preferences for more casual apparel are expected to support the strength of basic or classic styles of “relaxed apparel”;

 

    the impact of a continued deflationary environment in our business and the apparel essentials industry;

 

    continued increases in body size across all age groups and genders, and especially among children, will drive demand for plus-sized apparel; and

 

    intense competition and continued consolidation in the retail industry, the shifting of formats among major retailers, convenience and value will continue to be key drivers.

In addition, we anticipate growth in the apparel essentials industry will be driven in part by product improvements and innovations. Improvements in product features, such as stretch in t-shirts or tagless garment labels, or in increased variety through new sizes or styles, such as half sizes and boy leg briefs, are expected to enhance consumer appeal and category demand. Often the innovations and improvements in our industry are not trend-driven, but are designed to react to identifiable consumer needs and demands. As a consequence, the apparel essentials market is characterized by lower fashion risks compared to other apparel categories.

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